FOUNDATION CERTIFICATE IN INTERNATIONAL INSOLVENCY LAW COURSE BROCHURE 2019 - 2020 FOUNDATION CERTIFICATE IN INTERNATIONAL INSOLVENCY LAW ...
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FOUNDATION CERTIFICATE IN
INTERNATIONAL INSOLVENCY LAW
COURSE BROCHURE
2019 - 2020
Leading to a certificate award with the designation
FOUNDATION CERTIFICATE IN
INTERNATIONAL INSOLVENCY LAW
Contents
About INSOL International .................................................................................................... 2
Word of welcome .................................................................................................................. 3
Course aims and objectives .................................................................................................. 4
Course Committee ................................................................................................................ 5
Basis course structure and other information ........................................................................ 5
Course modules and selection .............................................................................................. 8
Admission requirements...................................................................................................... 10
Course assessments........................................................................................................... 11
Course fees and applications for admission ........................................................................ 12
Outcome of participation ..................................................................................................... 15
Disclaimer and miscellaneous matters ................................................................................ 15
List of designated countries................................................................................................. 17
Contact Information:
David Burdette
Course Leader / Administrator
INSOL International
6-7 Queen Street
London EC4N 1SP
www.insol.org
Tel: 00 (44) (0) 20 7248 3333
Fax: 00 (44) (0) 20 7248 3384
E-mail: david@insol.ision.co.uk
Page 1
INSOL International is a worldwide federation of national associations of accountants, lawyers
and other professionals who specialise in turnaround and insolvency. There are currently over
40 Member Associations with over 10,500 professionals participating as members of INSOL
International.
INSOL also has ancillary groups that represent the judiciary, regulators, lenders and
academics. These groups play an invaluable role within INSOL and provide important forums
for discussions of mutual problems.
INSOL was formed in 1982 and has grown in stature to become the foremost insolvency
association in the world. It is an important source of professional knowledge, which is being
put to use around the world on diverse projects to the benefit of the business and financial
communities.
INSOL’s vision and purpose
INSOL with its Member Associations will take the leadership role in international turnaround,
insolvency and related credit issues; facilitate the exchange of information and ideas;
encourage greater international co-operation and communication amongst the insolvency
profession, credit community and related constituencies.
Our goals:
• To work with and involve our Member Associations in our activities;
• To implement research into international and comparative turnaround and insolvency
issues;
• To participate in Government, NGO and intergovernmental advisory groups and to
liaise with these institutions on relevant issues;
• To assist in developing cross-border insolvency policies, international codes and best
practice guidelines;
• To provide a leadership role in international educational matters relating to turnaround
and insolvency topics;
• To facilitate the exchange of knowledge amongst our Member Associations through
our conferences and publications.
• Through these goals INSOL International aims to assist its members with vital
research, by developing internationally accepted legislation and guidelines, and
providing through conferences, our web site and publications, a forum to exchange
knowledge and learn from the experiences of other countries.
Page 2
Word of Welcome
Welcome to the Foundation Certificate in International Insolvency Law course (Foundation
Certificate), offered by INSOL International. The Foundation Certificate is a postgraduate
certificate programme aimed at inexperienced or new entrants to the insolvency profession,
especially in emerging market and developing jurisdictions. INSOL International aims to
provide an affordable, easily accessible course for working practitioners that can be completed
at a realistic pace with the use of modern technology. To this end, the course is presented
entirely online and does not require registered candidates to travel anywhere in order to
complete the course. This course will be presented for the first time in 2019/20.
The Foundation Certificate course is presented in one-year cycles between 1 September and
31 August each year and can be completed in one year, or over the course of two years should
candidates wish to pace themselves in the completion of the course. Registered candidates
are required to complete eight modules in order to obtain the certificate, three of which are
compulsory modules and five of which are elective modules. For the elective modules,
candidates can choose from 25 jurisdictions in five regions across the globe. The prescribed
materials for each of the modules have been prepared by experts in practice and academia,
reflecting a wide pool of specialised expertise. The relevant modules and choices available
are dealt with in detail elsewhere in this brochure.
Globalisation has fundamentally altered insolvency practice around the world, creating new
challenges for lawyers, accountants and turnaround professionals. This trend towards
globalisation is complemented by the development and enactment of new legislative
instruments, such as the European Insolvency Regulation and the UNCITRAL Model Law on
Cross-Border Insolvency, the latter of which has been adopted in a number of jurisdictions
around the world. With firms and individuals becoming increasingly aware of the importance
of preparing for the future, the Foundation Certificate is well placed to prepare inexperienced
practitioners or new entrants to the field of insolvency by providing them with a sound
theoretical and practical knowledge of the basics of international insolvency law.
Being a bespoke course with a specific objective in mind, the content of this course has been
designed from scratch by a number of specialists in the field. INSOL International is in the
unique position of being able to source the services of some of the most highly qualified and
experienced practitioners and scholars in the field to provide an introductory course on the
legal elements of international insolvency and restructuring. This brochure provides essential
information regarding the contents and requirements of the course. A very competent and
dedicated team, based at INSOL International’s Office in London, is responsible for the
administration of this course.
The Foundation Certificate course for 2019/20 commences with enrolment on 1 March 2019,
with the course formally commencing on 1 September 2019.
We are excited at the prospect of providing our members with a course that is both affordable
and easily accessible, and which can assist new or inexperienced entrants to the insolvency
profession by providing them with a solid basis for future career development. If you have any
questions regarding the course please do not hesitate to contact the INSOL Office in London,
or David Burdette directly at david@insol.sion.co.uk.
On behalf of the Course Committee
INSOL International Foundation Certificate in International Insolvency Law
Page 3Course Aims and Objectives
The Foundation Certificate in International Insolvency Law focuses on providing a sound
theoretical understanding of the basic principles of international insolvency law for persons
who have had only very limited exposure to this field (or no exposure at all). While the
emphasis is on providing a sound theoretical understanding of the principles of international
insolvency law, the course will also provide candidates with a practical understanding of the
issues at play, though at an introductory level.
The course is presented entirely online and while support and guidance will be provided to
candidates, this is mainly a self-study course to be completed at a pace suitable to each
individual candidate. Emphasis is placed on corporate insolvency law and introduces
candidates not only to the insolvency laws of various jurisdictions, but also to the various
available mechanisms for dealing with international insolvencies.
The course focuses on:
• An understanding of the various principles and theories that apply in international
insolvency law;
• An overview of the UNCITRAL Model Law on Cross-Border Insolvency or the
European Insolvency Regulation;
• An overview of the insolvency system that applies in the United Kingdom or the United
States (as two leading global insolvency systems), including the approach to cross-
border insolvency in these two jurisdictions;
• An overview of the insolvency systems and approach to international insolvency in
various jurisdictions across the globe. Candidates can select from the 25 jurisdictions
in five regions on offer.
The specific goals of the course are:
• To introduce candidates with no or very limited experience in cross-border insolvency
to the principles of international insolvency law;
• To introduce candidates to legal concepts and theories relating to international
insolvency law;
• To introduce candidates to both primary and secondary insolvency legislation in a
number of jurisdictions;
• To provide an overview of the purpose of international insolvency proceedings and the
impact it can have on domestic insolvency proceedings;
• To provide candidates with a broad overview of the UNCITRAL Model law on Cross-
Border Insolvency Law or the European Insolvency Regulation, thereby providing
insight into international legislative initiatives dealing with international insolvency;
• To provide candidates with an overview of the insolvency systems of the United States
or the United Kingdom and how they are applied in practice;
• To provide candidates with an overview of the insolvency systems of five additional
jurisdictions from a list of 25 countries and how such jurisdictions approach the issue
of international insolvency.
Upon successful conclusion of the course, candidates will have:
• A sound understanding of the principles of international insolvency law;
• A sound understanding of the legal concepts and theories that apply to international
insolvency law;
• A broad understanding of the primary and secondary legislation that applies in a
number of jurisdictions, as well as the ability to apply such legislation to limited practical
situations;
• A broad understanding of the purpose and application of the UNCITRAL Model Law or
the European Insolvency Regulation;
• The ability to understand and apply the rules of international insolvency to a given set
of facts.
Page 4Course Committee
David Burdette Chair / Course Leader – INSOL International, UK
Jane Dietrich Fellow, INSOL International, Board Director INSOL
International, Cassels Brock, Toronto, Canada
Jassmine Girgis Associate Professor, University of Calgary, Calgary, Canada
Georg Kodek Professor, Vienna, University of Economics and Business,
Vienna, Austria
Dhananjay Kumar Fellow, INSOL International, Cyril Armarchand Mangaldas,
Mumbai, India
Timothy Le Cornu Fellow, INSOL International, KRyS Global, Guernsey
Kathleen van der Linde Professor, University of Johannesburg, Johannesburg,
South Africa
Victoria Weyulu Ministry of Justice, Windhoek, Namibia
Basic Course Structure and Other Information
Number of modules to be taken
In order to be awarded the Foundation Certificate, candidates are required to complete a
minimum of eight (8) modules, three (3) of which are compulsory (although a choice is offered
for Modules 2 and 3) and five (5) of which are electives. Candidates may also take the modules
not selected under Modules 2 and 3 (compulsory modules) as an elective, as indicated under
the heading “Course Modules and Selection” below.
Candidates may take more than the minimum of eight modules, but are advised that this will
create an additional workload which some candidates might struggle to cope with. Taking
additional modules will also impact on the cost of doing the course – see “Course Fees” below.
The only restriction on the choice of elective modules is that candidates may not
choose their home jurisdiction as one of the electives.
The eight modules needed for the Foundation Certificate may be completed over a period of
between one and two years, with one year being the minimum and two years the maximum
amount of time a person may be enrolled in order to be awarded the certificate.
Page 5Weighting of modules
Each of the course modules are of equal weight and consist of 80 notional hours. (The notional
hours represent an estimate of all the time that will be required to complete the module and
includes reading, preparation, completion of assessments, etc.)
Language medium
The course is presented in English. Where there is doubt regarding an applicant’s proficiency
in the English language, INSOL International reserves the right to request the submission of
an IELTS or TOEFL certificate as follows:
• IELTS: minimum score of 6.5;
• TOEFL: Reading: Intermediate (15-21 out of 30); Writing: Fair (17-23 out of 30).
Pass marks
The pass mark for the course is 50 percent, with students having to obtain a minimum of 50
percent for EACH of the individual module assessments. This means that even if a candidate
obtains an overall average of over 50 percent, he or she will still fail if they have not passed
all assessments with an average of 50 percent, Stated differently, candidates will be awarded
the Foundation Certificate only if they have passed eight individual modules as prescribed.
Candidates who fail the assessment for a particular module will have to re-enrol for the
relevant module, or enrol for a different module, in the following year.
Level of achievement
Successful candidates will be issued with a certificate indicating they have passed the
Foundation Course in International Insolvency Law. Levels of achievement, such as Pass with
Commendation or Pass with Distinction, are not awarded as part of this programme.
Re-sit assessments
No provision is made for re-sits where a candidate has failed the assessment for a particular
module or modules. In such cases candidates will be required to re-do the failed module, or
to take a different module, the following year.
However, if at the end of the maximum two-year cycle for obtaining the Foundation Certificate
a candidate needs only one module to pass the course as a whole, the Course Leader may,
after consulting with the Course Committee, allow the candidate one further opportunity to
pass the module. Such assessment will take place on an ad hoc basis and the candidate will
have to pay the full module fee of £200 in order to take the re-sit. This rule will apply regardless
of whether the candidate is from a designated or non-designated country.
If at the end of the two-year cycle the candidate needs two or more modules to pass the
course, such candidate will have to re-enrol and re-do the course in its entirety, with the
exception of Module 1, for which credit will be given if the candidate has in fact passed that
module previously.
Page 6Course duration
The course will be presented in one-year cycles between 1 September and 31 August each
year. Candidates will be allowed a period of two (2) years within which to complete the course,
but may do so within one year provided they pass all the relevant modules for the Foundation
Certificate in the relevant year.
Candidates who do not complete the prescribed number of modules for the Foundation
Certificate within the prescribed period of two years, will not be awarded the Foundation
Certificate but will be issued with a certificate indicating the modules that have successfully
been completed. If such a candidate wishes to obtain the Foundation Certificate, he or she
will need to re-enrol on the course when a new cycle of two years within which to complete
the course, will commence. No credits previously obtained will count towards the Foundation
Certificate upon re-enrolment, apart from credit for Module 1 (which a candidate will not be
required to redo if they have passed it on a previous attempt).
Deferment
Due to the fact that candidates have two years within which to complete the course, no
deferments on the course will be allowed. Candidates who are unable to complete the course
within the maximum period of two years, for whatever reason, will need to re-enrol for the
entire course (with the exception of Module 1, if the module has been passed previously) in
order to obtain the Foundation Certificate.
Modules taken for non-certificate purposes
Candidates who have successfully completed the course and who have been awarded the
Foundation Certificate, may thereafter enrol for additional modules on an ad hoc basis for non-
certificate purposes.
Where modules are taken for non-certificate purposes, a certificate will be issued to each such
candidate at the end of each year cycle of the course, stating which modules were passed
and the number of notional hours allocated to each module.
Candidates enrolling for non-certificate purposes may register for as many modules as they
wish, although it is suggested that taking more than eight (8) modules may have a negative
impact in terms of workload. There is no limit on the number of times a person may enrol for
non-certificate purposes; the only requirement is that such person must already have passed
and obtained the Foundation Certificate.
Application deadline
The deadline for applications for the 2019/20 course is 31 August 2019. The online application
system will open on 1 March 2019.
Page 7Course Modules and Selection
In order to be awarded the Foundation Certificate, candidates are required to complete a
minimum of eight (8) modules, three (3) of which are compulsory (although a choice is offered
for Modules 2 and 3) and five (5) of which are electives. Candidates may also take the modules
not selected under Modules 2 and 3 (compulsory modules) as an elective, as indicated under
the heading “Course Modules” below.
Candidates may take more than the minimum of eight modules, but are advised that this will
create an additional workload that some candidates might struggle to cope with. Taking
additional modules will also impact on the cost of doing the course – see “Course Fees” below.
The only restriction on the choice of elective modules is that candidates may not
choose their home jurisdiction as one of the electives.
The modules may be completed over a period of between one and two years, with one year
being the minimum and two years the maximum amount of time a person may be enrolled in
order to be awarded the Foundation Certificate.
The module choices appear below.
Compulsory modules
Candidates must complete three (3) compulsory modules, as follows:
Module 1 (this module is compulsory for all candidates)
Introduction to International Insolvency Law
Module 2
Module 2A - The UNCITRAL Model Law on Cross-Border Insolvency
OR
Module 2B - The European Insolvency Regulation
Please note: Module 2A can be taken as an elective if a candidate has selected module 2B
as one of the compulsory modules. Module 2B can be taken as an elective module if a
candidate has selected module 2A as one of the compulsory modules. See below.
Module 3
Module 3A - The Insolvency System of the United States
OR
Module 3B - The Insolvency System of the United Kingdom
Please note: Module 3A can be taken as an elective if a candidate has selected module 3B
as one of the compulsory modules. Module 3B can be taken as an elective module if a
candidate has selected module 3A as one of the compulsory modules. See below.
Page 8Elective modules
Candidates must select five (5) additional modules from the list below as elective modules
(any five modules may be selected; however, candidates may not select their own
jurisdiction as one of the electives):
Module 4 (The Americas) Module 5 (Offshore)
Module 4A – Argentina Module 5A – Bermuda
Module 4B – Brazil Module 5B – British Virgin Islands
Module 4C – Canada Module 5C – Cayman
Module 4D – Jamaica Module 5D – Guernsey
Module 4E – Mexico Module 5E – Jersey
Module 6 (Europe) Module 7 (Africa and Middle East)
Module 6A – France Module 7A – Israel
Module 6B – Germany Module 7B – Kenya
Module 6C – Greece Module 7C – Nigeria
Module 6D – Italy Module 7D – South Africa
Module 6E – Netherlands Module 7E – United Arab Emirates
Module 8 (Asia and Pacific Rim)
Module 8A – Australia
Module 8B – China
Module 8C – Hong Kong
Module 8D – India
Module 8E – Singapore
Module 2
Module 2A or Module 2B
Module 2A can be taken as an elective if a candidate has selected module 2B as one of the
compulsory modules. Module 2B can be taken as an elective module if a candidate has
selected module 2A as one of the compulsory modules.
Module 3
Module 3A or Module 3B
Module 3A can be taken as an elective if a candidate has selected module 3B as one of the
compulsory modules. Module 3B can be taken as an elective module if a candidate has
selected module 3A as one of the compulsory modules.
Please note: All modules equate to 80 notional hours. Notional hours are an estimate of all
the time that will be required to complete the module and includes reading, preparation,
completion of assessments, etc.
Page 9Admission Requirements
The admission requirements or entrance criteria for the course depends on whether an
applicant is from a designated or non-designated country. A list of designated countries
appears on the last page of this brochure.
Candidates from designated countries
The following entry criteria apply to persons from designated countries:
A person holding a bachelor’s degree in law, accounting or business management (and
related fields);
AND
Has less than FIVE years’ experience in the field of insolvency and restructuring;
AND
Is proficient in the English language;
AND
Has access to appropriate Internet facilities (that is, Internet facilities of a speed capable of
downloading PDF documents and streaming videos).
Candidates from non-designated countries
Non-designated countries are all countries that do not appear on the list of designated
countries that appears on the last page of this brochure.
The following entry criteria apply to persons from non-designated countries:
A person holding a bachelor’s degree in law, accounting or business management (and
related fields);
AND
Has less than THREE years’ experience in the field of insolvency and restructuring;
OR
Is a “small practitioner” who is active in the field of insolvency and restructuring but has less
than FIVE years’ experience in the field;
AND
Is proficient in the English language;
AND
Has access to appropriate Internet facilities (that is, Internet facilities of a speed capable of
downloading PDF documents and streaming videos).
Please note: A “small practitioner” is a self-employed professional; or a person who works for
a firm with not more than ten partners / professionals; or a person who works for a firm with
not more than two offices within the country where such firm is based and does not have any
office or offices in any foreign jurisdiction.
Page 10Course Assessments
Various forms of assessment will be used to assess candidates during the course.
Continuous self-assessment
The prescribed guidance text (prescribed notes) will contain numerous self-assessment
questions which candidates can use to chart their progress and understanding of the course
materials as they progress through the work. Continuous self-assessments do not count
towards a candidate’s marks on the course.
Online formative assessment (Module 1)
In order to assist candidates with their preparations for the submission of the formal summative
assessments, one opportunity will be given to candidates to submit a formative assessment.
This formative assessment must be submitted by 15 October 2019. Submission of the
formative assessment is not compulsory, but all candidates are urged to submit this
assessment in order to identify any shortcomings prior to the submission of the formal
summative assessment. Full feedback will be provided to students who submit the formative
assessment and the model answers to this assessment will be uploaded to the website once
the closing date for submissions has passed.
Online (summative) assessment per module
Candidates will be required to complete one formal assessment per module and to submit it
online. All modules carry an even weight. In order to obtain the Foundation Certificate,
candidates need to have passed at least eight modules with 50 percent or more, consisting of
three compulsory and five elective modules.
Candidates enrolled for non-certificate purposes will pass or fail the modules they have
enrolled for after completion of the online assessments. Certificates of completion will only be
issued at the end of the relevant year cycle of the course.
Assessment Schedule
Due to the structure of the course, assessments will be completed within specific timeframes,
as indicated below.
Formative assessment (Module 1)
Submission of the formative assessment is voluntary and is designed to assist candidates with
their preparations for the formal, summative assessments for each module. In order to receive
feedback on this assessment, candidates will have to submit it online by 15 October 2019 at
the latest.
Summative assessment 1 (Module 1)
Assessment 1 will cover Module 1 and must be completed by 15 November 2019. Candidates
may elect when to complete the assessment and may submit it whenever they feel they are
ready; however, the assessment must be submitted online by 11 pm (23:00) GMT on the
due date of 15 November 2019 at the latest.
Page 11Summative assessment 2 (Module 2) and summative assessment 3 (Module 3)
Assessment 2 will cover Module 2 and assessment 3 will cover Module 3, and both must be
completed by 1 March 2020. Candidates will be able to elect when to complete and submit
the assessments, and may do so whenever they feel they are ready; however, both
assessments must be submitted online by 11 pm (23:00) GMT on the due date of 1 March
2020 at the latest.
Summative assessments 4 to 8 (Modules 4 to 8)
Assessments 4 to 8 will cover all of the elective modules (that is, Modules 4A to 8E, as well
as Modules 2A or 2B, or Modules 3A or 3B, depending on the candidate’s choice of
compulsory module). Candidates will be able to elect when to complete and submit the
remaining assessments, and may do so whenever they feel they are ready (between 1 March
2020 and 31 July 2020); however, all remaining assessments must be completed and
submitted online by 11 pm (23:00) GMT on the due date of 31 July 2020 at the latest.
Marking of Assessments
Assessments will only be sent for marking after the final submission date for each of the
assessments. Marks will be returned to candidates within three weeks of the final submission
date
Course Fees and Applications for Admission
.
Course fees
The determination of the course fee depends on whether or not a candidate is a member of
INSOL International, is from a designated or non-designated country, as well as whether a
candidate is registered for the Foundation Certificate or is merely enrolling for specific modules
for non-certificate purposes.
Candidates registered for the Foundation Certificate
A. Candidates from designated countries
INSOL International members: £150 for each year of enrolment where candidates enrol
for eight (8) or less modules.
The fee for non-members is £200 for each year of enrolment.
OR
INSOL International members: £150 for each year of enrolment PLUS £150 for each
module in excess of the minimum eight modules where candidates elect to take additional
modules over and above the eight required for the Foundation Certificate.
For non-members the fee is £200 for each year of enrolment PLUS £200 for each module
in excess of the minimum 8 modules where candidates elect to take additional modules
over and above the eight required for the Foundation Certificate.
Page 12B. Candidates from non-designated countries
INSOL International members: £150 per module (£1,200 for eight (8) modules).
Non-members: £200 per module (£1,600 for eight (8) modules).
Candidates taking modules for non-certificate purposes
INSOL International members: £150 per module, irrespective of whether the candidate is
from a designated or non-designated country.
Non-members: £200 per module, irrespective of whether the candidate is from a designated
or non-designated country.
Payment of fees
Payment of the course fee can be made online as part of the application process, or after an
applicant has been informed by INSOL International that he or she has been accepted onto
the programme. The course fee cannot be paid in instalments. Candidates will only be granted
access to the course materials after the full fee has been paid. A candidate’s right to participate
in the programme only arises upon timely payment of the full course fee. The options for
payment are provided as part of the online payment system, which forms part of the application
process.
The online payment system will specify, in a billing notice, the:
• amount due
• date by which payment must be made; and
• account into which payment is to be transferred.
Application deadline
Applications for admission to the course will open on 1 March 2019 and close on 31 August
2019. Late applications for admission to the course will not be considered. Applications for
admission will be considered as they are received, with applicants being advised of the
outcome as soon as possible after having applied. There is no application fee, although
applicants will be requested to register as a user on the INSOL International website if they
are not members of INSOL International.
How to apply and application process
This course is open to anyone who meets the admission criteria. Applicants who meet the
admission criteria may apply online here at any time between 1 March 2019 and 31 August
2019. As the application system is automated, only online applications will be considered. The
online application system states clearly the supporting documents that need to be provided
and applicants will be unable to have their applications approved if the relevant supporting
documents have not been uploaded. The online application system has a “save and continue”
option, enabling applicants to exit the online application form (before submission) without
losing information that has already been entered.
In order to facilitate the efficient processing of applications, applications will only be considered
once all the correct requested documents (such as copies of degree certificates, etc) have
been uploaded as part of the application process. Applications received without the correct
Page 13supporting documentation will be rejected and the applicant concerned will need to re-apply.
Copies of original documents must be uploaded in PDF format. Once the application for
admission to the programme has been approved, the applicant will receive electronic
confirmation of registration from INSOL.
Please note that it is the policy of INSOL International not to return to applicants any
documentation or materials sent in support of an application. These will be destroyed in
compliance with English data protection legislation.
Consideration of individual applications
Each application will in the first instance be considered by the Course Leader. Where there is
doubt regarding whether an applicant meets the admission criteria, the application will be
submitted to the Course Committee for consideration. Any determination made by the Course
Committee in this regard is final and no correspondence will be entered into.
Access to course materials
Once an online application has been approved and full payment of the course fee has been
made, registered candidates will be able to access, from 1 September 2019, the course and
course materials via the dashboard on the INSOL International website. The Foundation
Course icon will appear on all registered candidates’ dashboards and provides access to the
course materials. The dashboard is personalised for each individual candidate, providing
access only to the study materials relating to their choice of modules made during the
application process.
Cancellation by an applicant
Notification of cancellation must be received in writing (e-mail is acceptable, but is only
effective if receipt has been confirmed by INSOL). Cancellations will not be reviewed or
processed until they are received in writing. Cancellations by telephone will not be accepted.
If written notification of cancellation is received up to thirty business days prior to the start of
the programme, a participant will be issued a credit, less a processing fee of £100.
Cancellations received within thirty business days of the start of the programme will not be
refunded. As stated elsewhere in this brochure, deferrals are not provided for on this course.
Substitution policy
The substitution of one candidate for another on the programme is permitted up to five working
days before the start of the programme (that is, five working days before 1 September). A
request for substitution must be submitted in writing (e-mail is acceptable, but is only effective
if receipt has been confirmed by INSOL). Substitution requests will not be reviewed or
processed until they are received in writing. Requests for substitution by telephone will not be
accepted. The substitute must fulfil all the admission requirements for the course and will be
required to apply to be admitted to the course by using the online registration system.
Confirmation of cancellation or substitution
If no written confirmation of the cancellation or substitution is received within 24 hours, please
contact INSOL International and ensure the cancellation or substitution request has been
received.
Page 14Outcome of Participation
Upon successful completion if the course, candidates will be issued with a certificate
containing the following designation: Foundation Certificate in International Insolvency
Law. Candidates will also be issued with a statement reflecting the year in which the course
was completed, the modules that were taken and the marks awarded for each module.
In addition:
• a full list of persons who have passed the course will be listed on the INSOL
International website, including the year in which the candidate passed the course and
their country of origin;
• a full list of candidates who have passed the course each year will be published in the
fourth quarter publication of INSOL World;
• the names and contact details of all successful candidates, including the year in which
they obtained their certificate, will appear i n the INSOL annual directory. The directory
is sent to all 10,000+ INSOL International members worldwide.
Disclaimer and Miscellaneous Matters
General
The information and data contained in this brochure is provided by INSOL International and
may be used for informational purposes only. While INSOL International has done everything
in its power to ensure that the content of this brochure is accurate and reliable, INSOL
International cannot guarantee the accuracy, validity or reliability of this brochure. No right can
be derived from the information contained in this brochure and users should always check to
confirm the accuracy of the information with the relevant authorised body of INSOL
International.
INSOL International is not responsible for any changes in the information provided in this
brochure that might occur after publication. Potential candidates should always refer to the
INSOL International office for the latest available information.
Literature provided as part of the course materials may provide links to other websites. INSOL
International makes no representation whatsoever regarding the content of any other websites
which you may access whilst participating in this programme, as INSOL International has no
control over the content of these websites and cannot guarantee the reliability or accuracy of
any external information to which it is linked.
Disclaimer
INSOL International cannot accept any liability for any loss, cost or expense suffered or
incurred by any person if such loss is caused or results from the act, default or omission of
any person other than an employee or agent of INSOL International. Nor can INSOL accept
liability for losses suffered by reason of war, including threat of war, riots, and civil strife,
terrorist activity, natural disaster, weather, fire, flood, drought, technical, mechanical or
electrical breakdown, industrial disputes, government action, regulations or technical
problems which may affect the services provided in connection with the Foundation Certificate.
English Law shall govern the contract between candidates and INSOL International and any
disputes shall be the exclusive preserve of the English Courts.
Page 15Procedural regulations
The Course Committee may remove any participant from the programme, decline to award
the Foundation Certificate, or withdraw the award of the certificate, if, at any stage, before or
after the award of the certificate, it is established that:
• the candidate has engaged in an unfair practice (for example cheating, including
plagiarism) in relation to the programme, or
• the requirements for admission to the programme have not been met, or
• the candidate has brought the profession into disrepute.
No refund shall be given if the participant does not complete the programme,
regardless of the reason.
Cancellation of the Foundation Certificate by the organisers
In the event that the course is cancelled by INSOL International, or by reason of any factor
outside the control of INSOL International and cannot take place, the amount of the registration
fee shall be refunded. INSOL International’s liability shall be limited to that refund, and INSOL
International shall not be liable for any other loss, cost or expense, howsoever caused,
incurred or arising.
Page 16List of Designated Countries
Afghanistan Grenada Nigeria
Albania Guatemala Pakistan
Algeria Guinea Papua New Guinea
American Samoa Guinea-Bissau Paraguay
Angola Guyana Peru
Armenia Haiti Philippines
Azerbaijan Honduras Romania
Bangladesh India Russian Federation
Belarus Indonesia Rwanda
Belize Iran, Islamic Republic Samoa
Benin Iraq São Tomé and Principe
Bhutan Jamaica Senegal
Bolivia Jordan Serbia
Bosnia and Herzegovina Kazakhstan Sierra Leone
Botswana Kenya Solomon Islands
Brazil Kiribati Somalia
Bulgaria Korea, Dem Republic South Africa
Burkina Faso Kosovo South Sudan
Burundi Kyrgyz Republic Sri Lanka
Cabo Verde Lao PDR St Lucia
Cambodia Lebanon St Vincent and the Grenadines
Cameroon Lesotho Sudan
Central African Republic Liberia Suriname
Chad Libya Swaziland
China Macedonia, FYR Syrian Arab Republic
Colombia Madagascar Tajikistan
Comoros Malawi Tanzania
Congo, Dem Republic Malaysia Thailand
Congo, Republic Maldives Timor-Leste
Costa Rica Mali Togo
Côte d'Ivoire Marshall Islands Tonga
Cuba Mauritania Tunisia
Djibouti Mauritius Turkey
Dominica Mexico Turkmenistan
Dominican Republic Micronesia, Fed Sts Tuvalu
Ecuador Moldova Uganda
Egypt, Arab Republic Mongolia Ukraine
El Salvador Montenegro Uzbekistan
Equatorial Guinea Morocco Vanuatu
Eritrea Mozambique Venezuela, RB
Ethiopia Myanmar Vietnam
Fiji Namibia West Bank and Gaza
Gabon Nauru Yemen, Republic
Gambia, The Nepal Zambia
Georgia Nicaragua Zimbabwe
Ghana Niger
Page 17Copyright ©2018 INSOL INTERNATIONAL. All Rights Reserved.
Registered in England and Wales, No. 0307353.
INSOL, INSOL INTERNATIONAL, INSOL Globe are trademarks of INSOL INTERNATIONAL.
Page 18You can also read
